Virgin Megastores announced today that it will mark the closing of its iconic Times Square store with the biggest sale in music retail history. The staff at the Times Square Virgin Megastore has been working around the clock to prepare for this major event, which will begin February 19, 2009.

This sale will give our loyal shoppers one last chance to browse the world’s largest music store,” said Simon Wright, CEO, Virgin Entertainment Group. “We’ll be offering discount prices on items that might be difficult to find in the days to come, and we hope our customers have a lot of fun shopping this final sale.

If you’re in Manhattan, maybe you can pick up a laser disc at half price. If you wait long enough, you might even be able to buy a display case or the giant neon sign outside. Hanging that in your bedroom would be a guaranteed chick magnet.